Bridge Gap Loan

Based on the short term requirement on specific circumstances the Bridge Gap Loan shall be provided under Term Loan facilities. The rate of interest charge shall be 0.5% higher than the interest rate charged under Term Loan.
 
Working Capital Finance
Based on the nature of a business/transaction, various types of working capital facilities/loans may also be availed. Various products under this category are as follows:
 
Overdraft
Revolving nature /open term facility enables a firm/company to manage their varying daily cash requirement.
Demand / Short-term loan 
Facilities are normally provided to support one-off or any particular short-term transactions.
Trust Receipt Loan
Trust Receipt Loans are the most common/popular product available to finance requirement under goods imported through Letter of Credit.
Export Loan
Export loan facilitates to the exporters to process/collect stocks for exports.
 
Required Document
- Loan Application along with Business Profile.
- Entity Registration Certificate and its renewal where required.
 
Required approval from concerned government authorities for the project.
- Tax/PAN registration certificate and its renewal where required.
- Citizenship certificate of the Borrower, Guarantor(s), or Directors
- Certified copy of :
* Memorandum and Article of Association in case of companies or
* Relevant constitution document of the borrower.
- Board resolution authorizing :
* Borrowing, execution of the security documents and Delegation of authority to the director (in case of Company)
- Audited Financial Statements for last 2 years and Project Financial Statement (for on-going venture)
- Business Plan/Feasibility Report prepared by recognized consultant
- Joint venture agreement (if any)
- Technology transfer agreement (if any)
- Management Contract (if any)
 
 
Certified copy of :
* Partnership Deed in case of partnership firm.
* Memorandum and Article of Association in case of companies or
* Relevant constitution document of the borrower.
 
- Board resolution authorizing :
* Borrowing, execution of the security documents and Delegation of authority to the director (in case of Company)
* Consent of all partners and the power of attorney (in case of partnership firm)
* Audited Financial Statements for last 2 years and Project Financial Statement (for on-going venture)
* Business Plan for new venture
 
 

 

 





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